NYSE:TCPTC Pipelines Stock Price, Forecast & News

TC Pipelines' stock was trading at $34.28 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TCP stock has increased by 2.1% and is now trading at $34.99. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TC Pipelines in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for TC Pipelines.

TC Pipelines is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for TC Pipelines.

TC Pipelines, LP (NYSE:TCP) released its earnings results on Wednesday, May, 6th. The pipeline company reported $1.21 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.27 by $0.06. The pipeline company had revenue of $101 million for the quarter, compared to the consensus estimate of $166.87 million. TC Pipelines had a return on equity of 36.72% and a net margin of 70.08%. The firm's revenue was down 10.6% compared to the same quarter last year. View TC Pipelines' earnings history.

TC Pipelines announced a quarterly dividend on Tuesday, April 21st. Stockholders of record on Friday, May 1st will be given a dividend of $0.65 per share on Tuesday, May 12th. This represents a $2.60 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date is Thursday, April 30th. View TC Pipelines' dividend history.

9 brokerages have issued 1 year price targets for TC Pipelines' shares. Their forecasts range from $32.00 to $48.00. On average, they expect TC Pipelines' stock price to reach $42.33 in the next year. This suggests a possible upside of 21.0% from the stock's current price. View analysts' price targets for TC Pipelines.

Media coverage about TCP stock has trended somewhat positive this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. TC Pipelines earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news stories about the pipeline company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutTC Pipelines.

TC Pipelines saw a increase in short interest in May. As of May 15th, there was short interest totaling 792,800 shares, an increase of 8.4% from the April 30th total of 731,500 shares. Based on an average trading volume of 670,800 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.5% of the company's shares are short sold. View TC Pipelines' Current Options Chain.

Some companies that are related to TC Pipelines include Targa Resources (TRGP), Western Midstream Partners (WES), EQM Midstream Partners (EQM), DCP Midstream (DCP), Antero Midstream (AM), Enable Midstream Partners (ENBL), Rattler Midstream (RTLR), USA Compression Partners (USAC), EnLink Midstream (ENLC), Archrock (AROC), Transportadora de Gas del Sur (TGS), CNX Midstream Partners (CNXM) and Summit Midstream Partners (SMLP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other TC Pipelines investors own include CA (CA), Williams Partners (WPZ), BlackRock (BLK), Energy Transfer LP Unit (ET), Buckeye Partners (BPL), Endologix (ELGX), AT&T (T), Chipotle Mexican Grill (CMG), Verizon Communications (VZ) and Pfizer (PFE).

TC Pipelines trades on the New York Stock Exchange (NYSE) under the ticker symbol "TCP."

TC Pipelines' stock is owned by a variety of institutional and retail investors. Top institutional investors include Alps Advisors Inc. (9.81%), Invesco Ltd. (6.62%), Harvest Fund Advisors LLC (4.28%), UBS Group AG (2.87%), JPMorgan Chase & Co. (2.69%) and Ensign Peak Advisors Inc (2.41%).

TCP stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Clearbridge Investments LLC, Kayne Anderson Capital Advisors LP, UBS Group AG, Morgan Stanley, Morgan Stanley, Infrastructure Capital Advisors LLC, and Wells Fargo & Company MN.

TCP stock was purchased by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., JPMorgan Chase & Co., Citigroup Inc., Alps Advisors Inc., Harvest Fund Advisors LLC, Ensign Peak Advisors Inc, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, and BlackRock Inc..

Shares of TCP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TCP stock can currently be purchased for approximately $34.99.

TC Pipelines has a market capitalization of $2.50 billion and generates $403 million in revenue each year. The pipeline company earns $280 million in net income (profit) each year or $3.74 on an earnings per share basis.

The official website for TC Pipelines is www.tcpipelineslp.com.

TC Pipelines' mailing address is 700 Louisiana Street Suite700, Houston TX, 77002. The pipeline company can be reached via phone at 877-290-2772 or via email at [email protected]